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The combine harvester market size is forecast to increase by USD 19.13 billion at a CAGR of 8.18% between 2023 and 2028. The agriculture sector faces challenges such as farm labor shortages, prompting government initiatives to promote harvesting mechanization. These efforts aim to address labor gaps and improve efficiency in agricultural operations. Additionally, there is a notable increase in consumption and cultivation of grain crops, driven by rising global demand for food staples. The shortage of farm labor underscores the urgency for technological advancements and policy support to enhance productivity and sustainability in farming practices. Government initiatives supporting mechanization not only alleviate labor constraints but also foster innovation in agricultural machinery and practices. These developments highlight a transformative shift towards mechanized farming solutions, optimizing resource use and meeting the evolving needs of the agriculture industry amid demographic and economic changes globally.
Market Forecast 2024-2028
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The self-propelled segment will account for a major share of the market's growth during the forecast period.? Self-propelled combine harvesters have an extra-capacity diesel tank and offer minimal grain breakage, higher grain cleanliness, and better maneuverability in fields with wet and soft soils. Their engine performs the function of propulsion as well as a harvester. Self-propelled combine harvesters are mostly ideal for harvesting crops like wheat, paddy, soybean, mustard, and sunflower. Farmers and various governments across the world are placing greater emphasis on increasing food safety and improving the overall yield with timely harvesting.
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The self-propelled segment was valued at USD 19.34 billion in 2018. Additionally, the camera ensures consistent filling of the trailer, allowing the operator to focus completely on machine behavior and optimization, which results in better performance of the harvester. Such advances in combine harvesters are further supported by growing rural and urban income levels, which, in turn, have led to the growing demand for agricultural products. Moreover, market players are coming up with new product launches. For example, in October 2021, Mahindra Tractors Subsidies Swaraj announced the launch of the Swaraj Gen2 8100 EX Self Propelled Combine Harvester for providing better ground clearance and better power output. Such developments are expected to drive the growth of the self-propelled segment of the market in focus during the forecast period.
Based on type, the market has been segmented into wheel type and crawler type. The wheel type?segment will account for the largest share of this segment.?Factors like the growing mechanization of the agriculture sector and the growing adoption of mechanization practices by farmers owing to increasing labor costs are driving the wheel type segment of the market. Wheel type combine-harvesters can be equipped with engines with different power and headers. The use of a special header and adapter for harvesting different crops expands the potential of wheel type combine-harvester, which, in turn, increases annual capacity and reduces the payback period. Vendors in the market in focus are launching new products. Thus, such factors are expected to drive the growth of the wheel type segment of the market during the forecast period.
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Europe is estimated to contribute 32% to the growth by 2028. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The UK, Germany, Spain, France, and Italy are among the major markets for combine-harvesters in Europe. The market in Europe is driven by the shortage of farm labor and government initiatives to support agricultural mechanization. Besides, in other European countries, the market is driven by an increase in government initiatives to promote the mechanization of agriculture. In the EU, agricultural expenditure is financed by two funds, which form a part of the EU's general budget. Hence, such factors are expected to drive market growth in this region during the forecast period.
The market is propelled by advancements in diesel engine technology, enhancing efficiency and performance in vehicles. As farming practices evolve, so do the demands for automotive innovations, including systems that optimize crop and vegetable transport. These systems cater to a growing population reliant on efficient crop harvesting methods and reduced labor requirements. Track combine harvest exemplifies the integration of robust automotive technology in agricultural sectors, ensuring timely delivery of food products to market. The market's focus on precision and reliability underscores its critical role in modern agricultural and automotive industries alike.
In the agriculture sector, a farm labor shortage is one of the major factors driving the demand for farm equipment, such as combine harvesters. The US and the UK are among the countries facing a severe farm labor shortage, due to which the farmers in these countries are moving toward the mechanization of agriculture. California is facing a severe labor shortage, according to the California Farm Bureau Federation (CFBF) in the US. According to CFBF, mechanical harvesters, such as combine-harvesters and forage machinery, were the most frequently used labor-saving technology.
Also, the UK has been facing a severe farm labor shortage since Brexit in 2020. Farmers in the UK expect the problem to worsen as most seasonal laborers were from central Europe. Thus, farmers in the UK are shifting toward mechanization. Australia is another major country facing a farm labor shortage. Moreover, farm labor wages in the country have increased. Consequently, the shortage of labor and an increase in labor wages will be major factors driving the adoption of combined harvesters, which, in turn, is expected to propel market growth during the forecast period.
Integration of advanced technology in combine harvesters is a key market trend. The market is primarily driven by rapid population growth. This is further supported by the rising rural and urban income levels, which, in turn, are anticipated to propel the demand for agricultural products. In line with this, the increasing adoption of advanced technologies in agriculture, such as blockchain, artificial intelligence, geographic information systems, drones, and remote sensing, along with the launch of several e-farming applications, is providing a boost to market growth analysis.
Moreover, advanced sensors and imaging technologies enable real-time monitoring of crop conditions, allowing farmers to make informed decisions regarding harvesting speed, header height, and other parameters. Another significant development is the emergence of autonomous control combine harvesters and Stripper combine harvesters. Thus such developments will positively influence the growth of the market during the forecast period.
Volatility in raw material prices of combine harvesters may impede market growth. Raw materials, such as steel and iron, are mainly used in the manufacturing of combine harvesters. The costs of these raw materials are volatile in nature, which adversely affects the financial returns of market players. Furthermore, there has been a decrease in the supply of steel globally and a decline in steel prices. Global trends in steel prices have a significant impact on the market. Iron ore and steel scrap are used as the major raw materials for the production of steel. The demand for steel scrap is highly influenced by the fluctuations in the prices of iron ore.
Further, the production cost of agricultural harvesters is generally high because of the high cost of raw materials like steel, due to which vendors are unable to pass on any increase in the production cost to end-users (farmers). Therefore, manufacturers find it challenging to produce high-quality agricultural harvesters at affordable prices. Consequently, the fluctuating prices of steel will have a major impact on the global sales of combine harvesters, thereby impeding the growth of the market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Action Construction Equipment Ltd., Arnold Jager Holding GmbH, Ashok Leyland Ltd., Balkar Combines, China National Machinery Industry Corp. Ltd., CLAAS KGaA mBH, CNH Industrial NV, DASMESH Mechanical Works Pvt. Ltd., Deere and Co., Hubei Fotma Machinery Co. Ltd., KARTAR Agro Industries P Ltd., Kubota Corp., Mahindra and Mahindra Ltd., MANKU Agro Tech Pvt. Ltd., PREET GROUP, RANAGROUP, SHRACHI Group, Sonalika International Tractors Ltd., and Yanmar Holdings Co. Ltd.
Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
The market is witnessing significant growth, driven by the increasing demand for efficient reaping and winnowing of various cereals and grains. With the agriculture sector embracing innovation and automation, farmers are striving to enhance profitability amidst rising farm labor costs and the need for modernization. The adoption of hydraulic agricultural machinery and hybrid combined harvesters equipped with powerful diesel engines and high horsepower engines is boosting efficiency in crop harvesting. Companies like Bear Flag Robotics are leading the way with cutting-edge technological advancements in agricultural machinery, catering to the diverse needs of crops (wheat, rice, corn, soybeans, cereals, oilseeds) and more.
Moreover, the rise in precision farming techniques and the increasing global population necessitate the use of multi-crop combine harvesters and crawler type combine harvesters to cater to various agricultural needs. Government support and initiatives are further driving the adoption of innovative technology in the agriculture department, benefiting the harvesting of not only cereals and grains but also vegetables, fruits, and other food products. Additionally, tractor on top combine harvesters and track combine harvesters are gaining popularity, offering efficient solutions to address labor requirements and the fragmentation of land holdings.
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Combine Harvester Market Scope |
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Report Coverage |
Details |
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Page number |
158 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.18% |
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Market Growth 2024-2028 |
USD 19.13 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
7.57 |
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Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
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Performing market contribution |
Europe at 32% |
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Key countries |
US, Canada, China, Germany, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Action Construction Equipment Ltd., AGCO Corp., Arnold Jager Holding GmbH, Ashok Leyland Ltd., Balkar Combines, China National Machinery Industry Corp. Ltd., CLAAS KGaA mBH, CNH Industrial NV, DASMESH Mechanical Works Pvt. Ltd., Deere and Co., Hubei Fotma Machinery Co. Ltd., KARTAR Agro Industries P Ltd., Kubota Corp., Mahindra and Mahindra Ltd., MANKU Agro Tech Pvt. Ltd., PREET GROUP, RANAGROUP, SHRACHI Group, Sonalika International Tractors Ltd., and Yanmar Holdings Co. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market report condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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